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Inventories Fell 0.1% in May,
Fastest Pace in Past 18 Months

WASHINGTON -- Goods moved out of factory and business warehouses faster in May than in the previous year and a half, the Commerce Department said.

In a sign that they may be getting their bloated stocks under control, businesses pared their inventories 0.1% in May after building them up 0.4% in April. At the same time, sales rose 0.7% in May following a 1.1% jump the month before, in line with other reports showing soaring demand in...